Sequans Communications Secures $384 Million Through Private Placement for Bitcoin Treasury Initiative

Reuters
06-23
<a href="https://laohu8.com/S/SQNS">Sequans Communications</a> Secures $384 Million Through Private Placement for Bitcoin Treasury Initiative

Sequans Communications S.A. (NYSE: SQNS), a prominent developer in the 5G/4G IoT semiconductor sector, has announced a strategic initiative to establish a bitcoin treasury. This move aligns with the company's commitment to expanding its business operations beyond its core semiconductor offerings. To support this initiative, Sequans has entered into a definitive agreement to issue and sell approximately $195 million in equity securities and $189 million in convertible senior secured notes, totaling around $384 million. The securities are being offered through private placement transactions, with Northland Capital Markets and B. Riley Securities serving as joint lead placement agents. The closing of these transactions is anticipated around July 1, 2025, pending shareholder approval and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sequans Communications SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001383395-25-000037), on June 23, 2025, and is solely responsible for the information contained therein.

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